Global shrimp market faces challenges: China's production slows down and supply gradually becomes saturated

At the recent 2024 Global Shrimp Forum, shrimp industry leaders and experts from around the world gathered to discuss the trends and challenges of the shrimp market. Data disclosed in the forum showed that the global shrimp market is facing significant changes, especially China's shrimp production slowed down and the market gradually became saturated. 1. Overview of the global shrimp market According to statistics from Willem van der Pijl, co-founder of the Global Shrimp Forum, the EU's shrimp imports are expected to increase by 3% in 2024 to 330,337 metric tons, with shrimp supplies from South and Central American countries increasing by 10% in the first half of the year. In contrast, shrimp supplies from Asian countries fell by 10%, with Vietnam's exports falling particularly significantly. In addition, US shrimp imports will decrease by 3% to 764,962 metric tons, and Indonesia's supply will also decline further. 2. China's shrimp production slows down As the world's largest ...